University of North Florida
Board of Trustees
Finance and Audit Committee

  • Meeting
March 20, 2012
University Center at 1:15 p.m.

Agenda

Item 1 Call to Order 

Chair Lovett will call the meeting to order.

Item 2 Minutes (January 17, 2012

Chair Lovett will address the committee and ask for a MOTION to approve minutes from January 17.

 

Proposed Action: Approval. Motion and second required.

Item 3 Open Comments 

Chair Lovett will address those in attendance and offer opportunity for open comments on the items on this agenda.

 

Open Comments: No motion required. 

Item 4 Increases in Undergraduate Tuition and Tuition Differential for 2012-2013 (Attachment 1, 2, 3)

The university administration recommends an overall 15 percent increase to the in-state undergraduate tuition differential. UNF’s allocation from the State Legislature was predicated upon this increase.

 

Currently, the tuition differential fee is $21.42 per credit hour. At a 15 percent increase it would climb to $40.13, bringing the total per credit hour charge to $143.45.

 

In addition, the administration recommends an 8 percent increase in the undergraduate out-of-state fee.

 

At the graduate level, the administration recommends a 15 percent increase in in-state graduate tuition.  It also recommends a reduction in the out-of-state graduate fee to keep the total per credit hour cost for out-of-state graduate students the same as last year for out-of-state graduate students.

 

Vice President Serwatka will address the committee and present this item.

 

Proposed Action: Approval. Motion and second required. 

Item 5 Auditor General’s Report on UNF’s Financial Audit (Attachment 1, 2)

This item provides a review of the findings and recommendations from the State of Florida’s Auditor General for UNF’s financial audit for the fiscal year which ended on June 30, 2011.  

 

Vice President Shuman will address the committee and present this item.

Item 6 Office of Internal Auditing -- Quarterly Report  (Attachment 1, 2)

 The purpose of this item is to present a report to the Board of Trustees for this quarter’s activities in the Office of Internal Auditing.

 

Mr. Robert Berry, director, Office of Internal Auditing, will address the committee and present the update.

 

Proposed Action: No motion required.  

Item 7 Report on the Whistleblower Hotline (Attachment 1)

Vice President Shuman will provide the committee with a report on the whistleblower hotline. 

 

Proposed Action: Report. No motion required. 

Item 8 Quarterly Budget Report (Attachment 1, 2)

This item provides a review of this quarter’s budget report.

 

Vice President Shuman will address the committee and present the quarterly budget report.

 

Proposed Action: Report. No motion required. 

Item 9 Treasurer’s Report (Attachment 1, 2)

This item provides an overview of the annual treasurer’s report for year ending September 30, 2011.

 

Vice President Shuman will address the committee and present the treasurer’s report.

 

Proposed Action: Report. No motion required. 

Item 10 Adjournment 

Chair Lovett will adjourn the meeting.